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AI and Asset Management

AI and Asset Management

Released Monday, 29th January 2024
Good episode? Give it some love!
AI and Asset Management

AI and Asset Management

AI and Asset Management

AI and Asset Management

Monday, 29th January 2024
Good episode? Give it some love!
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Industrial Talk is onsite at SMRP 31 and talking to Tim Whelan, Head of Sales with Datch.io about "AI and your Asset Management Strategy".  Here are some of the key takeaways from our conversation:

  • Industrial security solutions with Palo Alto Networks. 0:00
    • Palo Alto Networks provides comprehensive security solutions for all assets, networks, and remote operations.

  • AI trustworthiness and its benefits for frontline workers. 2:25
    • Tim Whelan, head of sales at Dash, discusses how AI-powered enterprise mobility solution can enhance frontline worker productivity by leveraging natural language processing to enable spoken communication on mobile devices.
    • Whelan highlights the importance of demonstrating the tangible benefits of AI to individuals and companies, rather than just relying on buzzwords and marketing claims.

  • AI transforming asset management with data enrichment and worker enablement. 5:00
    • Tim: AI has potential to transform asset management by enhancing data collection and decision-making, reducing unplanned downtime.
    • Tim: Good data is key to accomplishing goals of feeding data into algorithm, spitting out optimal settings or predicting asset failure.
    • Tim discusses the challenges of relying on human-entered data in IoT systems, particularly when it comes to standardization and accuracy.
    • AI-powered worker enablement and data enrichment solutions can help improve data quality by interpreting and cleaning up worker inputs in real-time.

  • Using AI to improve maintenance work order data entry. 10:51
    • Tim discusses the importance of frontline worker enablement tools, such as real-time data entry and translation, to improve efficiency and accuracy in maintenance and repair tasks.
    • The speaker highlights the potential of using AI-powered prompting questions based on entered data to gather additional contextual information and improve overall data quality.
    • Tim aims to improve data accuracy for planners and schedulers to prevent inefficiencies and optimize uptime.

  • AI-powered asset management software for efficient data entry. 14:34
    • Scott MacKenzie expresses interest in using AI technology to improve data accuracy in his existing CMMS system.
    • Tim explains that the AI technology can be incorporated into existing systems by plugging in EIN, CMMS, or HR software, creating a single interface for front-end use.
    • Tim discusses the importance of efficient data entry in asset management, particularly through the use of enablement tools for frontline workers.
    • Tim highlights the potential of using IoT initiatives and data pipelines to eliminate humans from data entry, but acknowledges the challenges of doing so in the context of asset management.

  • AI solutions for asset management. 20:06
    • Tim Whelan is an expert in AI solutions for asset management, and he can be reached...
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